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Elgin 60120 Lords Park
800 FOREST Avenue
$255,000
● House - Off Market

800 FOREST Avenue

Elgin, IL 60120
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,248 Ft²
$249,218
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Charming SFH coming soon to the MLS! This 2 bedroom, 2 Bathroom ranch has all the makings of an amazing home. Open floor plan, and massive bedrooms! Solid bones and regular maintenance on the gem. Conveniently located across the street from Lords Park with plenty of features you're looking for!
Unit Size
1,248 Ft²
Days on Market
-
Land Size
-
Price per sqft
$200
Property Type
House
Property Taxes
$189
HOA Dues
-
Year Built
1986

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (MRED MLS #11816026)

Price History

Date / Event Date Event Price
Jul 26, 2023 Sold
Premium
Sold
Jun 23, 2023 Listed by Real Broker LLC $249,900
Listed by Real Broker LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,224
  • Total Building Area: 1,248
  • Gross Building Area: 1,248
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,248
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OAKWOOD PARK
  • Land Acres: 0000000166
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (OAKWOOD)(PARK) SUB IN WH SEC 18-41-09

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 804404

Geography

  • District: 18
  • Parcel: 06-18-104-028-0000
  • Block: 5
  • Lot: 15,15
  • Meridian: SEC 18 TWN 41N RNG 09E
  • Municipality: HANOVER
  • Latitude: 42.039
  • Longitude: -88.2608

    Address

  • Full Address: 800 Forest Ave
  • Address - House Number: 800
  • Address - Street Name: Forest
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Elgin
  • Carrier Code: C031
  • 4-Digit Zip Code: 4513
  • Zip Code: 60120

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $575,668
  • Tax Rate Code Area: 18015

    Appraisal Valuation

  • Standard Deviation: 0.1509
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 69
  • Final Value: 266,382
  • High Value: 306,588
  • Low Value: 226,175

    Market Valuation

  • Market Total Value: $240,000
  • Market Land Value: $43,340
  • Market Improvement Value: $196,660

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $24,000
  • Assessed Land Value: $4,334
  • Assessed Improvements Value: $19,666

    Sales

  • Current Sale Contract Date: Jul 17, 2023
  • Current Sale Recording Date: Aug 02, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 49226
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Southeast Elgin

Stats & Trends

Median Asking:

$310,000

Sale Price/ft²

$213

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1524 ft²

Average Home Age

46.3 years

Currently For Sale

29 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 702 N Porter Street, Elgin, IL, 60120

$1,895 /mo

  • 2 Beds
  • 2 Baths
  • 1,378 ft²
702 N Porter Street #702, Elgin, IL, 60120 Listing by Lawrence Hines

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Christopher Dewilde, Real Broker LLC
Last Updated: 2 years ago
Data Source: MRED, MLS# 11816026
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 800 Forest Avenue built and last sold?
The property at 800 Forest Avenue was built in 1986 and last sold on Jul 17, 2023 for $257,000.
How much is this home worth?
The estimated value of the home located at 800 Forest Avenue is $251,785.
What are some comparable homes to 800 Forest Avenue?
There are currently no comparable homes to 800 Forest Avenue.
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